A Time for Patience
I think this is a time to watch, we have our positions, the market seems to think this is about inflation and interest rates. I disagree in a way, the Fed’s main underlying focus is how to get things under control so they have ammo for the next crash.
Politics will move back to center stage with FBI, Mueller inquiry, a real government shutdown, not just a weekend, and the world voting on Trump through the dollar.
The macro long-term political view seems now to be tilting strongly to women and the millennials. We are seeing the end of the immoral old white guy (both Democrats and Republicans) period.
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